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Absa Corporate and Investment Bank is the investment banking division of Absa Bank Limited and member of Barclays. It's a leading South African investment bank with global reach and offers clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.

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Retirement Annuity

The outputs of this calculator are based on real returns (after inflation). Future investment values that include inflation are difficult to understand as they do not represent the current purchasing power. Simply toggle the sliders below to reflect your current retirement plan details. Once your details are captured, your retirement savings result will be pre-populated.

NewGold Exchange Traded Fund

The NewGold Exchange Traded Fund (ETF) offers the opportunity to invest in gold bullion, as it tracks the Rand price of gold. The debentures are fully backed by physical gold bullion with each debenture approximately equivalent to 1/100th of a fine troy ounce of gold bullion, which is held with a secure depository on behalf of investors at an annual fee of 0.4% of it's value.

Classified as a domestic investment, NewGold ETF was the first of its kind in South Africa to allow institutional and retail investors to securely,
easily and conveniently invest in gold bullion, with the added benefit of low management fee. At launch, it was the third commodity ETF in the world and was,
until recently, the only commodity ETF on the JSE.

NewGold debentures are listed on the Johannesburg Stock Exchange (JSE), with secondary listings in Botswana (BSE), Nigeria (NSE), Mauritius (SEM), Namibia(NSX) and Ghana (GSE). They’re easily obtained through a member stockbroker in the relevant jurisdiction, through Absa internet banking portal and additionally in South Africa through the Investment Plan administered by Absa Investment Management Services (AIMS).

NewGold gold debentures are non-interest based products. The issuing company, NewGold Issuer Limited (RF), was incorporated for the sole purpose of issuing securities backed by gold bullion and is not involved in any activities that are not permitted under Shari’ah Law.

In March 2008 the Shari'ah Supervisory Board of Absa Islamic Bank in South Africa, made up of scholars specialised in Islamic law, issued a ruling stating that the NewGold Exchange Traded Fund (ETF) complies with Shari'ah law. As such, investment in NewGold debentures is in line with Islamic principles of ethical investment.